$BTC | Square is trending a 3x leveraged Bitcoin ETF clearing SEC review. Different animal from what SatoshiMacro tracks. A 3x product runs on swaps, rebalanced daily, decay eats you past a session. It never touches spot coin. US spot Bitcoin ETFs have pulled US$57.7 billion in cumulative net inflows since the 11 January 2024 SEC approval, every dollar backed by an authorised participant delivering actual BTC. On the desk that mattered more than the headline. My read: the 0.7-0.8 rolling correlation between flow and price is suggestive, not causal. ASX spot ETFs sit at A$427.9 million, smaller scale, same structure.

https://satoshimacro.com/tools/crypto/etf-flows/cumulative-btc-etf-holdings/?utm_source=binance_square&utm_medium=social&utm_campaign=autopilot_short-1

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